Businesses have more buying power when they aggregate.

The Beneplan Co-operative

Beneplan.net 150 Ferrand Drive Suite 500 Toronto Ontario M3C 3E5 1.800.387.1670 Twitter @Beneplan

Featured in

Photo: Peter Silzer

Join the Beneplan Co-operative and obtain the lowest cost on group health insurance in Canada.

We aggregate many employers in order to negotiate the lowest fees from insurance companies.

| About

We’re a buying group for employee health insurance.

Beneplan is the only provider who refunds premiums on health, dental, and life insurance premiums on fully insured plans.

Designed for small business

| About

We’ve been around since 1989 and created the buying group in 2000.

We cover 20,000 lives from 250+ employers.

Our membership consists of small & medium Canadian businesses in manufacturing, logistics, technology, and consulting.

We’re not brokers. We’re a member-owned co-operative.

Actual refund cheque for a Beneplan Co-operative member

Sample refund cheque from an underwriter

| Low Fees

We’ve negotiated the lowest fees in Canada.

# of employees Fees with Beneplan

Typical Insurer Fees

20-50 16% 30-40%

50-200 13% 20-30%

200+ 11% 15-20%

Fees include 2% federal premium tax.

Fees can be read as a mark-up on claims.

Fees are all-inclusive of drug cards, booklets, service, etc.

Photo: Les Forrester

Refunds

| Refunds

If your claims were lower than your premiums + fees, that money belongs to you – not your insurance company.

Beneplan pays it back to you.

Photo: John Fraissinet

No Risk

Unlike other Self-Insured

(A.S.O.) plans, if your plan

incurs a deficit (expenses

exceed expectations), it is absorbed

by our co-operative and

forgiven. However, your rates

would increase in the next year, like

with any insurance company.

Zero Risk

| How it works The Co-operators Life Insurance Co is the underwriter.

They pay all claims, issue drug cards, and provide customer service.

| Co-operators

We chose them because they offer the lowest fees, best-in-class service, and they are not publicly traded. They’re owned by other co-operatives.

Photo: Randy A. Eckert

A true buying group

| How it works

We have a spotless record at the CRA and FSCO.

We are incorporated without share capital, so there is no cost to join.

It is a limited liability corporation, so there is no risk in case of insolvency.

Photo: Chris Michel

Transparency

| How it works

There is an AGM, where a Board of Directors are voted in. The Board appoints an independent accountant to conduct an audit.

| How it works

Each member company retains their own plan design.

Premiums are set based on claims experience.

Premiums are non-

negotiable because they are already

the lowest we could possibly obtain.

Beneplan Fees: 13-16%

Other Insurer’s Fees: 25-40%

| 100% Transparent

Beneplan is one of the only group benefit providers to fully break down all fees in plain English.

Other carriers only do this through cryptic language such as “Target Loss Ratios” and “Incurred but Not Reported Reserves”

| Fees

Service

For groups with

20-49 employees

For groups with

50-200 employees

Health, Dental & Vision Benefits

16% of premiums

13% of premiums

Drug cards Zero Zero

Printing booklets Zero Zero

Producing reports (claims, analysis)

Zero Zero

On-site employee infosessions & wellness seminars

Zero Zero

Consulting and face-to-face advice

Zero Zero

Results

2000-2013

Premiums Collected $60 million

Claims + Expenses $52 million

Surplus $8 million

Avg % of members who received a refund

80%

Avg % of premium the refund amounted to

10%

Members whose claims exceeded premiums did not receive a refund.

Imagine your broker delivering a cheque for 10% of your health insurance

premiums – returned to you.

This is what we do at Beneplan.

| Insurer Games

Beneplan SunLife

Assuming Claims in year 1 are $20,000

Premiums $24,500 $24,500*

Declared fee 16% 74% Target Loss

Ratio means a 35% fee

Reserves 0% 6%

Inflation 6% 6%

Assuming Claims in year 2 are $19,000

Renewal premium

$23,362

-4.6%

$28,820

+17.6%

* Insurers ‘buy’ your business by providing a low rate in year 1, but

their declared target profit (Target Loss Ratio) is higher than Beneplan’s. Therefore, next year, they’ll want an increase, but Beneplan will want a decrease.

| Nutritionist

Beneplan members have access to our staff nutritionist at no cost. Her goal is to get your employees healthy so that they use less medication.

| Press We’ve been featured in…

| Testimonials

“When we switched, we saved 10% off our premium…

…the next 3 years, we received a refund and our rates dropped every year.” -Rodney Bader, President, Fruitland Tool Manufacturing

Stoney Creek, Ontario

| Testimonials

“I was reluctant to switch because I was looking for the catch…

…after five years, I’m still looking.” -Mike Miller, CEO Hyd-Mech Group

Woodstock, Ontario

| Request a Quote

The Beneplan Co-operative

1 (800) 387 1670 500-150 Ferrand Drive

Toronto Ontario M3C 3E5

Twitter @Beneplan

www.beneplan.net